Danish climate tech start-up Lun raises €10.3 million to ‘decarbonise European homes’.
The investment round includes Norrsken VC, Partech, Lowercarbon Capital, and MCJ Collective and existing investor Foundamental.
“Changing the way we consume energy in our homes should be a top priority for everyone for many different reasons: climate, health and economic well-being. We were impressed by Lun’s speed of execution and excited to be supporting them on their journey,” says Agate Freimane, Norrsken VC.
Founded in 2022 by Martin Collignon and Anders Valentin, Lun develops software for tradespeople which helps with the data-heavy, repetitive, and time-consuming tasks involved in the installation of heat pumps – as far as we can gather.
“Decarbonising homes is an urgent climate problem that has only been accelerated by the current geo-political imperative facing Europe. 12% of CO2 emissions in the EU come from heating residential homes, and 90m buildings are heated with fossil fuel boilers. The technology to fix this is already available and financially more attractive than the fossil fuel alternative - but the transition to cleaner heating is too slow,” says Martin Collignon, co-founder and CEO of Lun.
“To speed up the transition to cleaner homes across Europe we need to equip the businesses doing retrofitting with the right technology and incentives to focus on what drives decarbonisation. At the same time we need to provide solutions to homeowners that make the switch to green energy evident and effortless," he adds.